November 26, 2019 / 8:30 AM / 2 months ago

China FX regulator fines's Chinabank Payments for illegal FX transfer

SHANGHAI, Nov 26 (Reuters) - The Beijing office of China's foreign exchange regulator issued a 29.43 million yuan fine on Chinabank Payments, a unit fully owned by the e-commerce company, for illegally transferring foreign currencies from onshore to overseas.

The State Administration of Foreign Exchange (SAFE) said in a statement published on its website, without giving further details. did not immediately respond to Reuters' requests for comment. (Reporting by Winni Zhou, Andrew Galbraith and Brenda Goh, editing by Louise Heavens)

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